Texas Education Code - Section 55.1734. Texas State University System; Additional Bonds
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§ 55.1734. TEXAS STATE UNIVERSITY SYSTEM; ADDITIONAL
BONDS. (a) In addition to the other authority granted by this
subchapter, the board of regents of the Texas State University
System may issue in accordance with this subchapter and in
accordance with a systemwide revenue financing program adopted by
the board bonds for the following institutions not to exceed the
following aggregate principal amounts to finance projects
specified as follows:
(1) Angelo State University, $16,917,550 to expand and
renovate institutional facilities;
(2) Lamar University--Beaumont, $21,792,096 to
renovate and repair campus buildings;
(3) Lamar Institute of Technology, $5,301,960 to
renovate Gentry Hall and convert it to classroom and laboratory
use;
(4) Lamar State College--Orange, $2,125,000 for
campus landscaping, renovation of the old library for physical
plant purposes, renovation of the Main Building and Electronics
Commerce Resource Center, and demolition of the old physical plant
building;
(5) Lamar State College--Port Arthur, $7,650,000 to
construct a performing arts and classroom building and to expand
the Gates Memorial Library and develop an adjacent plaza;
(6) Sam Houston State University, $18 million to
renovate and expand the Farrington Building;
(7) Texas State University--San Marcos, $18,436,500
to construct a business building; and
(8) Sul Ross State University, $15,175,000 to renovate
and expand the range animal science facility and science building
annex and to carry out other building renovations.
(b) The board may pledge irrevocably to the payment of those
bonds all or any part of the revenue funds of an institution,
branch, or entity of the Texas State University System, including
student tuition charges. The amount of a pledge made under this
subsection may not be reduced or abrogated while the bonds for which
the pledge is made, or bonds issued to refund those bonds, are
outstanding.
(c) If sufficient funds are not available to the board to
meet its obligations under this section, the board may transfer
funds among institutions, branches, and entities of the Texas State
University System to ensure the most equitable and efficient
allocation of available resources for each institution, branch, or
entity to carry out its duties and purposes.
(d) Any portion of the proceeds of bonds authorized by this
section for one or more specified projects at an institution that is
not required for the specified projects may be used to renovate
existing structures and facilities at the institution.
Added by Acts 2001, 77th Leg., ch. 1432, § 3, eff. Sept. 1, 2001.
Amended by Acts 2003, 78th Leg., ch. 386, § 6, eff. Sept. 1,
2003.
Section: 55.1726 55.1727 55.1728 55.173 55.1731 55.1732 55.1733 55.1734 55.1735 55.1736 55.1737 55.1738 55.1739 55.17391 55.17392
Last modified: August 10, 2007
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